What Happens in XAUUSD after Double Bottom Chart Pattern in XAUUSD?

A double bottoms pattern is a bullish trend reversal trading signal which signals the current downwards market is about to reverse once the double bottom pattern setup is confirmed.

The double bottoms chart pattern is a pattern with two consecutive lows where second low is slightly higher than the first low which signals the downward trend is losing momentum and if gold price of the instrument rises above the resistance level which is the high between the two lows then the double bottom pattern is considered confirmed and the price of the instrument changes into a bullish trend.